- Government has
built 1mln houses since 1994, but theneed continues to outstrip the supply capability.
- Urbanisation increases the demand. Poverty in rural areas is
much more severe and urban areas lure these people increasing the extent of informal
settlements and the pressure on urban infrastructure.
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- Given the fact that more than 50% of SA households are poor,
that is cannot sustain themselves in terms of food and clothing, a significant portion of
households can not afford any sort of formal housing. Government therefore has to think of
providing basic infrastructure and rentalhousing.
- Given government's policy of financial prudence during the
pastfive years and its limited administrative ability to deliver, the amount spent on
housing has been comparatively modest. Now that non-interest spending can rise
substantially there is scope for s marked increase inspending.
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